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Pets at Home ( (GB:PETS) ) just unveiled an announcement.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 240.20 GBp to 245.00 GBp. This move will reduce the total number of shares in circulation to 457,391,054, impacting the company’s voting rights structure and potentially influencing shareholder value.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £2.60 price target. To see the full list of analyst forecasts on Pets at Home stock, see the GB:PETS Stock Forecast page.
Spark’s Take on GB:PETS Stock
According to Spark, TipRanks’ AI Analyst, GB:PETS is a Neutral.
Pets at Home’s overall stock score is driven by strong financial performance and positive corporate events, highlighting robust cash flow management and strategic share buybacks. However, bearish technical indicators and a need for improvement in net profit margins moderate the score. The valuation suggests potential undervaluation, supported by a high dividend yield.
To see Spark’s full report on GB:PETS stock, click here.
More about Pets at Home
Pets at Home Group Plc operates in the pet care industry, offering a range of products and services for pet owners. The company focuses on providing pet food, accessories, and veterinary services, catering to the needs of pet enthusiasts across the market.
Average Trading Volume: 948,704
Technical Sentiment Signal: Hold
Current Market Cap: £1.1B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.